Glacier Bancorp to Acquire Guaranty Bancshares, Enter Texas Market

Glacier Bancorp, Inc., headquartered in Kalispell, Montana, has announced its entry into the Texas market through the acquisition of Guaranty Bancshares, Inc., a leading community bank based in Mount Pleasant, Texas. This all-stock transaction values Guaranty Bancshares at approximately $476.2 million, aligning with Glacier's strategic expansion into the Southwest US. The acquisition, which has been approved by the boards of both companies, is pending regulatory and shareholder approvals, with anticipated closure in Q4 2025. Post-acquisition, Guaranty Bank & Trust will function as a new division under Glacier's umbrella. Randy Chesler, Glacier's CEO, highlighted the strategic and cultural fit of this acquisition, which enhances Glacier's presence in a region with strong economic growth prospects. Guaranty's CEO Ty Abston expressed optimism about the merger, citing the shared community banking philosophy and the benefits of joining a larger financial entity. The transaction marks Glacier's 27th bank acquisition, demonstrating its sustained strategy of growth through strategic acquisitions. Financial and legal advisory for the deal were provided by Stephens Inc. and Miller Nash LLP for Glacier, and by Keefe Bruyette & Woods, a Stifel Company, and Norton Rose Fulbright US LLP for Guaranty.